DraftKings says it will not make an offer to buy Entain

Author Logo | Tue, 26 Oct 2021 11:53:54 GMT

Oct 26 (Reuters) – U.S. betting company DraftKings Inc said on Tuesday it will not make a formal offer to buy British gambling firm Entain.

The U.S.-based company had put forward a $22.4 billion buyout proposal for Entain last month. (Reporting by Sachin Ravikumar in Bengaluru; Editing by Shounak Dasgupta)

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